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You purchased 1,000 shares of New Fund at price of $20 for each share at the beginning of the year. You paid the front-end load of 4%. The securities in which the fund invests raise in value by 12% throughout the year. The fund's expense ratio is 1.2%. Find out your rate of return on the fund if you sell your shares at the end of year?

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Category:- Basic Finance
Reference No.:- M91145623

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